• About
  • Advertise
  • Contact
  • Privacy policy
The Exchange
  • Home
  • Industry and Trade
    • All
    • Agribusiness
    • Extractive and Energy
    • Health
    • Infrastructure
    • Manufacturing
    • Telcos
    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

    L-R: Joseph Anampiu, Commercial Leader ESCA Region, Agriculture PS Prof Hamadi, US Ambassador to Kenya Kyle McCarter and Victoria McCarter during the Corteva launch. The company is positioning itself to provide seed, crop protection and digital solutions to address the recurring food insecurity problem. www.theexchange.africa

    American agribusiness conglomerate makes Nairobi its East African hub

    BAT's Edgar Okioga and KAM CEO Phyillis Wakiaga during the SEACOM Chat. They said that ICT is key to helping Kenya achieve its 2022 GDP growth ambition. www.exchange.co.tz

    America’s Dow celebrates circular economy achievements in Nairobi

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    EU and UNCTAD seeks more coffee aroma from Angola

    EU and UNCTAD seek more coffee aroma from Angola

    south_sudan_power (AfDB)

    AfDB funds South Sudan’s capital city power distribution system

  • Investing
    • All
    • Africa's Development
    • African Entrepreneurship
    • Small Business
    Solar energy Plant

    Burkina Faso benefits from $53 million AfDB funding for solar energy

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    African Development Bank (AfDB)

    Seven African Exchanges and African Development Bank prod investment in Africa

    As world heads to Madrid, PE Climate investments in Africa tops agenda

    As world heads to Madrid, PE Climate investments in Africa tops agenda

    DEG invests EUR30mn into AfricaGrow Fund for SMEs

    DEG invests EUR30mn into AfricaGrow Fund for SMEs

    African Development Bank Launches AFAWA Risk Sharing Facility

    African Development Bank launches AFAWA Risk Sharing Facility

    Aga Khan University recognized by UK's Advance HE

    Aga Khan University recognized by UK’s Advance HE

    Burundian women attire

    Why financing African women in business matters

    Kenya National Chamber of Commerce and Industry President Richard Ngatia(L) and H.E Abdullah Sultan Al Owais, Chairman, Sharjah Chamber of Commerce and Industry sign an MoU to open a satellite trade office in the United Arab Emirates at the UAE- Kenya Trade and Investment Forum./Courtesy

    UAE targets Kenya in new chamber partnership

  • Stock Markets
    • All
    • DSE
    • NSE
    • RSE
    • USE
    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    All eyes on NSE as futures trading kicks off

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE trade more than doubles as market breaks

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    NSE gets green light for Derivatives Market

    CMA is set to recover Ksh208 million from illegal trading in fixed income securities

    Kenya’s security market regulator moves to tame fraud

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE opens week with low share volumes

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    UK firm kicked out of Nairobi Securities Exchange

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Low volumes mark opening of Nairobi Securities trading

  • Tech & Biz
  • By Country
    • All
    • Burundi
    • Democratic Republic of Congo
    • East Africa
    • Ethiopia
    • Kenya
    • Mozambique
    • Nigeria
    • North Africa
    • Rwanda
    • Somalia
    • South Sudan
    • Southern Africa
    • Tanzania
    • Uganda
    • West Africa
    Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

    Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Aga Khan University addresses health issues among youth in Kenya's coastal region

    Aga Khan University addresses health issues among youth in Kenya’s coastal region

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    IFAD targets Ethiopia's families affected by Climate Change

    IFAD targets Ethiopia’s families affected by Climate Change

    Kenyan woman spearheading the push for women in business in Africa

    Kenyan woman spearheading the push for women in business in Africa

    Google Kenya country manager Charles Murito with Tourism CS Najib Balala during the launch of the street view for National Parks in Kenya. The project covers Kenya’s 21 national parks and one conservancy. www.theexchange.africa

    Google maps Kenya’s National Parks boosting tourism prospects

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

  • Interview
  • Opinion
No Result
View All Result
  • Home
  • Industry and Trade
    • All
    • Agribusiness
    • Extractive and Energy
    • Health
    • Infrastructure
    • Manufacturing
    • Telcos
    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

    L-R: Joseph Anampiu, Commercial Leader ESCA Region, Agriculture PS Prof Hamadi, US Ambassador to Kenya Kyle McCarter and Victoria McCarter during the Corteva launch. The company is positioning itself to provide seed, crop protection and digital solutions to address the recurring food insecurity problem. www.theexchange.africa

    American agribusiness conglomerate makes Nairobi its East African hub

    BAT's Edgar Okioga and KAM CEO Phyillis Wakiaga during the SEACOM Chat. They said that ICT is key to helping Kenya achieve its 2022 GDP growth ambition. www.exchange.co.tz

    America’s Dow celebrates circular economy achievements in Nairobi

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    EU and UNCTAD seeks more coffee aroma from Angola

    EU and UNCTAD seek more coffee aroma from Angola

    south_sudan_power (AfDB)

    AfDB funds South Sudan’s capital city power distribution system

  • Investing
    • All
    • Africa's Development
    • African Entrepreneurship
    • Small Business
    Solar energy Plant

    Burkina Faso benefits from $53 million AfDB funding for solar energy

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    African Development Bank (AfDB)

    Seven African Exchanges and African Development Bank prod investment in Africa

    As world heads to Madrid, PE Climate investments in Africa tops agenda

    As world heads to Madrid, PE Climate investments in Africa tops agenda

    DEG invests EUR30mn into AfricaGrow Fund for SMEs

    DEG invests EUR30mn into AfricaGrow Fund for SMEs

    African Development Bank Launches AFAWA Risk Sharing Facility

    African Development Bank launches AFAWA Risk Sharing Facility

    Aga Khan University recognized by UK's Advance HE

    Aga Khan University recognized by UK’s Advance HE

    Burundian women attire

    Why financing African women in business matters

    Kenya National Chamber of Commerce and Industry President Richard Ngatia(L) and H.E Abdullah Sultan Al Owais, Chairman, Sharjah Chamber of Commerce and Industry sign an MoU to open a satellite trade office in the United Arab Emirates at the UAE- Kenya Trade and Investment Forum./Courtesy

    UAE targets Kenya in new chamber partnership

  • Stock Markets
    • All
    • DSE
    • NSE
    • RSE
    • USE
    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    All eyes on NSE as futures trading kicks off

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE trade more than doubles as market breaks

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    NSE gets green light for Derivatives Market

    CMA is set to recover Ksh208 million from illegal trading in fixed income securities

    Kenya’s security market regulator moves to tame fraud

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE opens week with low share volumes

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    UK firm kicked out of Nairobi Securities Exchange

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Low volumes mark opening of Nairobi Securities trading

  • Tech & Biz
  • By Country
    • All
    • Burundi
    • Democratic Republic of Congo
    • East Africa
    • Ethiopia
    • Kenya
    • Mozambique
    • Nigeria
    • North Africa
    • Rwanda
    • Somalia
    • South Sudan
    • Southern Africa
    • Tanzania
    • Uganda
    • West Africa
    Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

    Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Aga Khan University addresses health issues among youth in Kenya's coastal region

    Aga Khan University addresses health issues among youth in Kenya’s coastal region

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    IFAD targets Ethiopia's families affected by Climate Change

    IFAD targets Ethiopia’s families affected by Climate Change

    Kenyan woman spearheading the push for women in business in Africa

    Kenyan woman spearheading the push for women in business in Africa

    Google Kenya country manager Charles Murito with Tourism CS Najib Balala during the launch of the street view for National Parks in Kenya. The project covers Kenya’s 21 national parks and one conservancy. www.theexchange.africa

    Google maps Kenya’s National Parks boosting tourism prospects

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

  • Interview
  • Opinion
No Result
View All Result
The Exchange
No Result
View All Result
Home Countries Kenya

Planning to invest in Mombasa? This is what you need to know

Mombasa is Kenya’s second largest city. The City which is located at the Kenyan coast remains one of the key investment destinations buoyed by its strategic location and a tourist city with continued infrastructural development.

Chacha Mwita by Chacha Mwita
September 10, 2018
in Investing
0
Mombasa is Kenya’s second largest city. The City which is located at the Kenyan coast remains one of the key investment destinations buoyed by its strategic location and a tourist city with continued infrastructural development.

A picture of Mombasa town (Island) from a cross the mainland.(Nyali)/TripAdvisor.

KENYA, SEPTEMBER 10 — Mombasa is Kenya’s second largest city. The City which is located at the Kenyan Coast is home to East Africa’s busiest port -“The Port of Mombasa”. The city which is under the Mombasa County government remains one of the key investment destinations in Kenya buoyed by its strategic location and a tourist city with continued infrastructural development.

The city has a positive demographic dividend, with the population growing at an 8-year Compound Annual Growth Rate of 3.9 per cent, which is 1.3 per cent points higher than the national average population growth of 2.6 per cent per annum.

The city provides an opportunity for Real Estate Investments and here is where you can invest.

The top investment opportunity in the County lies in the retail sector, according to a survey by investment firm- Cytonn Real Estate, the development affiliate of Cytonn Investments.

These are areas with low retail space such as Kizingo and Tudor which are proximate to the Central Business District. The city also provides an investment opportunity in site and service schemes in areas earmarked for infrastructural developments such as along Mombasa-Mariakani Highway and  Port Reitz area.

RETAIL SECTOR

On average, the retail sector in Mombasa recorded an improvement in performance from 2016 to 2018, the “Mombasa Real Estate Investment Opportunity Report 2018” by Cytonn indicates.

Occupancy rates increased by 7.2 percentage points on average, annually from 82.0 per cent to 93.2 per cent.

Looking at yields, the sector attained rental yields of 8.3 per cent. Neighbourhood malls recorded high occupancy rates of 97.9 per cent on average, compared to the market average of 96.3 per cent.

This is attributable to their affordability with the average rents per square feet coming at Ksh 93.8, compared to community malls’ Ksh143.3 per square feet  while the amenities are similar. However, community malls recorded higher yields of 9.4 per cent , 1.1% higher than the market average at 8.3 per cent, owing to their higher rental rates of Ksh143.3 per square feet.

LAND PERFORMANCE

Cytonn focused on areas such as Nyali, Shanzu, Kizingo and Port Reitz. Over the last two years, the areas have recorded growth in asking land prices of 0.9 per cent, 24.5 per cent, 8.9 per cent, and 16.5 per cent, respectively, thus leading to an average capital appreciation of 12.6 per cent between 2016 and 2018 from an average of Ksh109.4 million in 2016 to Ksh115.4 million in 2018.

Fast developing areas such as Kizingo and Nyali, recorded the highest price per acre at Ksh244.6 million and Ksh134 million, respectively while in areas such as Port Reitz, land has appreciated by an average of 16.5 per cent attributable to ongoing expansion of road networks in the area such as the dualling of the Port Reitz Road.

RESIDENTIAL SECTOR – The residential sector recorded average returns of 7.2 per cent with rental yields and price appreciation of 5.1 per cent and 2.1 per cent, respectively. However, this is a 0.7 per cent points drop in returns compared to the 7.9 per cent in 2016.

4-bedroom typology recorded the highest returns to investors with an average of 8.0 per cent and the highest price appreciation of 2.4 per cent, indicated by the relatively high annual uptake rates of 21.3 per cent in comparison to the market average of 18.3 per cent.

The opportunity in the market lies in three and four-bedroom apartment units in the upper mid end segment which attained returns of 7.8 per cent and 9.8 per cent respectively.

“The opportunity in the residential sector is in three-bedroom and four-bedroom apartments in the upper mid-end segment in areas such as Nyali, Kizingo, and Shanzu with the units recording returns of 7.8 per cent and 9.8 per cent, respectively, higher than the market average of 7.2 per cent,” said  Wacu Mbugua, Research Assistant at Cytonn Real Estate.

COMMERCIAL OFFICE SECTOR – The office sector in Mombasa recorded a relatively low performance with average rental yields of 5.1 per cent in 2018, a 0.5 per cent points decline from 5.6 per cent recorded in 2016. This is attributable to a decline in rental rates which came in at Ksh77.5 per square feet in 2018, a compounded annual drop of 11.5 per cent from the Ksh99.0 per square feet recorded in 2016.

Mixed-use developments recorded better returns with average rental yields of 7.4 per cent  compared to the market average of 5.1 per cent, attributable to their relatively high rental rates with an average of Ksh108 per square feet compared to the market average of Ksh 77.5 per square feet.

Grade C offices recorded the lowest returns with average rental yields of 3.2 per cent attributable to a low demand for such due to their tendency to lack sufficient amenities, especially parking spaces as majority of them are located within the CBD thus limiting land for parking and quality space.

Generally, the commercial sector is expected to continue on a decline due to reluctance of investors to relocate business to the region, and the local population’s limited ability to occupy investment grade office developments.

However, the report notes that generally, the Mombasa Market has potential for growth in future especially with the ongoing infrastructural developments, improved security and the return of political calm

KEY DRIVERS 

The drivers of real estate performance include the positive demographic aspect and infrastructural improvements – such as the Standard Gauge Railway (SGR) that started operations in June last year which has improved the ease of doing business in the County and thus attracted investment.

Another factor is the tourism sector as Mombasa is recognized as one of the major tourist attraction areas in Kenya, partly due to its rich cultural heritage and also its proximity to the Indian Ocean creating demand for retail facilities, luxury dwellings and accommodation facilities.

The city also has a strong economic growth – recording an average GDP Per Capita of US$935, 34.7 per cent higher than the national average of US$694 according to a 2015 study by the World Bank.

“Out of the four real estate themes under evaluation in Mombasa County, one theme, that is land, has a positive outlook, two themes, that is, retail and the residential sectors have a neutral outlook while one theme, that is office has a negative outlook, thus the outlook for the Mombasa real estate market is neutral.  The market, however, has pockets of value in various sectors,” the Cytonn report reads in part.

Speaking during the release, Cytonn’s Senior Manager Regional Markets, Johnson Denge said: “Our outlook for the performance of the real estate sector in Mombasa County is neutral. However, there exists an opportunity for investment in the retail sector in undersupplied areas such as Tudor on account of an expanding middle class and continued interest from retailers such as Shoprite, restaurants such as Coldstone, Domino’s Pizza as well as LC Waikiki who have recently taken up mall space in Mombasa County.”

READ:This is where to invest in Kenya’s retail real estate

ALSO READ:Where to invest in Nairobi’s real estate space

 

 

 

Facebook Comments
Tags: ColdstoneCytonn InvestmentsCytonn Real EstateDomino’s PizzaLC WaikikiMombasa CountyPort of MombasaShopriteWorld Bank
Previous Post

Somalia, Ethiopia re-emergence leaves Kenya startled

Next Post

Why are criminal activities around food imports in Kenya thriving?

Next Post
Greenpeace Africa's food for life campaigner Claire Nasike. She attributes the increased criminal activities around food safety and importation to poor implementation of existing policies. [Photo/Greenpeace Africa]

Why are criminal activities around food imports in Kenya thriving?

Please login to join discussion


Get the latest Investment News on Africa

  • Trending
  • Comments
  • Latest
President Uhuru Kenyatta (Centre) with DP Ruto and Trade CS Peter Munya during the SME Roundtable at Strathmore University in Nairobi. Kenyatta said his government will streamline its processes so that it accords Small and Medium Enterprises (SMEs) the support they deserve www.exchange.co.tz

East Africa’s best: Entrepreneur wins Kshs1 million Sinapis seed capital

December 15, 2018
Mr. Andile Ngcaba (centre) speaking to delegates at the 7th Angel Fair Africa event held in Dar es Salaam, on the right is Mr. Ali Mufuruki.

The future of Tech Industry in Africa looks bright

October 15, 2019
Tourism in Zanzibar - The Exchange www.exchange.co.tz

Emirates Airlines’ Dubai – Zanzibar direct flights to boost trade

December 11, 2018
UAE- www.government.ae- The Exchange

UAE tightens its grip over Zanzibar

January 7, 2019
FDI has declined, PE not very interested in Tanzania landscape and both EU and US send strong warnings as Tanzania’s position as the leading light in East Africa drastically declines- The Exchange

Tanzania’s hardball with America and the EU drives down investors

Tax increase

Tanzania Revenue Authority On Track To Meet Magufuli’s $7.5 Billion USD Collection

Tobacco farming in Tanzania- Corporate Digest- The Exchange

Tobacco: Tanzania’s second biggest export earner falls in production

Barcode technology use increases in Tanzania

Africa, Caribbean and Pacific leaders expected in Nairobi for ACP Summit

Africa, Caribbean and Pacific leaders expected in Nairobi for ACP Summit

December 6, 2019
Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

December 6, 2019
Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

December 5, 2019
Solar energy Plant

Burkina Faso benefits from $53 million AfDB funding for solar energy

December 5, 2019




  • President Uhuru Kenyatta (Centre) with DP Ruto and Trade CS Peter Munya during the SME Roundtable at Strathmore University in Nairobi. Kenyatta said his government will streamline its processes so that it accords Small and Medium Enterprises (SMEs) the support they deserve www.exchange.co.tz

    East Africa’s best: Entrepreneur wins Kshs1 million Sinapis seed capital

    0 shares
    Share 0 Tweet 0
  • The future of Tech Industry in Africa looks bright

    0 shares
    Share 0 Tweet 0
  • Emirates Airlines’ Dubai – Zanzibar direct flights to boost trade

    0 shares
    Share 0 Tweet 0
  • UAE tightens its grip over Zanzibar

    0 shares
    Share 0 Tweet 0
  • Rwanda’s Akagera Motors in deal with Mercedes Benz

    0 shares
    Share 0 Tweet 0

Browse by Category

  • Africa
  • Africa's Development
  • African Entrepreneurship
  • Agribusiness
  • Aviation
  • Banking
  • Burundi
  • Business
  • Corporate Suite
  • Countries
  • Crime
  • Democratic Republic of Congo
  • DSE
  • East Africa
  • East Africa
  • East African Community
  • Economic Growth
  • Energy
  • Entrepreneurship
  • Ethiopia
  • Extractive and Energy
  • Fintech
  • Health
  • Health
  • Hospitality
  • Industry and Trade
  • Infrastructure
  • Investing
  • Kenya
  • Manufacturing
  • Mergers & Acquisitions
  • Money Deals
  • Mozambique
  • News
  • Nigeria
  • North Africa
  • NSE
  • Oil&Gas
  • Opinion
  • Personal Finances
  • Politics
  • Premium
  • Real Estate
  • Regional Markets
  • RSE
  • Rwanda
  • Small Business
  • Somalia
  • South Sudan
  • South Sudan
  • Southern Africa
  • Sudan
  • Tanzania
  • Tech & Business
  • Telcos
  • The Indicator
  • Tourism and Wildlife
  • Travel
  • Trending
  • Uganda
  • Uncategorized
  • United Nations (UN)
  • USE
  • Video
  • videos
  • West Africa
  • Women in Business
  • World
  • World Economic Forum

Tags

AfDB Africa African Development Bank (AfDB) Agriculture Central Bank of Kenya Central Bank of Kenya (CBK) China Development EAC East Africa East African Community (EAC) Equity Bank Ethiopia Ethiopian Airlines Featured Ghana huawei India investment KCB KCB GRoup Kenya Kenya Airways Kenya Revenue Authority (KRA) Magufuli Nairobi Nairobi Securities Exchange Nairobi Securities Exchange (NSE) Nigeria President Magufuli President Uhuru Kenyatta Russia Rwanda Safaricom South Africa South Sudan Sub-Saharan Africa Tanzania technology Tourism Trade Uganda Uhuru Kenyatta US World Bank

Recent News

Africa, Caribbean and Pacific leaders expected in Nairobi for ACP Summit

Africa, Caribbean and Pacific leaders expected in Nairobi for ACP Summit

December 6, 2019
Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

December 6, 2019
Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

December 5, 2019
Solar energy Plant

Burkina Faso benefits from $53 million AfDB funding for solar energy

December 5, 2019
Aga Khan University addresses health issues among youth in Kenya's coastal region

Aga Khan University addresses health issues among youth in Kenya’s coastal region

December 5, 2019
  • About
  • Advertise
  • Contact
  • Privacy policy

No Result
View All Result
  • About us
  • Africa’s Development
  • Trending
  • Agribusiness
  • Tech & Business
  • Money Deals
  • African Entrepreneurship
  • Regional Markets
  • The Indicator
  • Banking
  • Investing
  • Infrastructure
  • Kenya
  • Tanzania
  • Uganda
  • Rwanda

<